Not yet time to rumble with gold folks? - every possibility of a final low below $1000 USD I reckon with the strength of the USD and US equity markets as Europe implodes and then maybe Japan later this year.
Sentiment indicators I reckon are the way to go and at the moment there are just too many dreamers (still too many longs). Contrast this with the constant media crp that the sharemarket is about to crash, the lack of retail investment, and the steady gains in VGS (for example).
Gold MAY have a role in the ongoing financial and Government and ultimately social trainwreck down the track but its no longer a portable asset and an easy grab now for Governments everywhere in a crisis. Silver - ?maybe a better investment. Cash and international large caps (or IVV, VGS as I'm not sure about our mining/banks ASX) are my bet.
And BTW -You guys should thank Skol for his tireless efforts here spraying the golbugs![]()
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